Gross household saving rate in the European Union - 27 countries fluctuated slightly between 11 and 13 percent from the first quarter of 2010 to the last quarter 2019. In 2020, due to the coronavirus (COVID-19) pandemic and the measures implemented by governments to tackle the outbreak, household saving rates reached unprecedented heights. In particular, in the second quarter of 2020, the gross household saving rate in the European Union amounted to 23.4 percent.
Gross household saving rate during coronavirus (COVID-19) in the European Union - 27 countries from 1st quarter 2020 to 3rd quarter 2020
The gross saving rate of households is defined as gross saving (ESA 2010 code: B8g) divided by gross disposable income (B6g), with the latter being adjusted for the change in the net equity of households in pension funds reserves (D8net). Gross saving is the part of the gross disposable income which is not spent as final consumption expenditure (ESA 2010 8.96). Indicator described is calculated on the basis of quarterly sector accounts data by institutional sectors. Household sector comprises all households, household firms and Non Profit Institutions Serving Households (NPISH) (ESA 2010 codes S14 and S15). Sector accounts are compiled in accordance with European System of Accounts (ESA 2010). Data are expressed in percentage, in non-seasonal adjusted as well as in seasonal and calendar adjusted form.
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Eurostat. (February 12, 2021). Gross household saving rate during coronavirus (COVID-19) in the European Union - 27 countries from 1st quarter 2020 to 3rd quarter 2020 [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/1220537/household-saving-rate-in-the-european-union/
Eurostat. "Gross household saving rate during coronavirus (COVID-19) in the European Union - 27 countries from 1st quarter 2020 to 3rd quarter 2020." Chart. February 12, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/1220537/household-saving-rate-in-the-european-union/
Eurostat. (2021). Gross household saving rate during coronavirus (COVID-19) in the European Union - 27 countries from 1st quarter 2020 to 3rd quarter 2020. Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/1220537/household-saving-rate-in-the-european-union/
Eurostat. "Gross Household Saving Rate during Coronavirus (Covid-19) in The European Union - 27 Countries from 1st Quarter 2020 to 3rd Quarter 2020." Statista, Statista Inc., 12 Feb 2021, https://www.statista.com/statistics/1220537/household-saving-rate-in-the-european-union/
Eurostat, Gross household saving rate during coronavirus (COVID-19) in the European Union - 27 countries from 1st quarter 2020 to 3rd quarter 2020 Statista, https://www.statista.com/statistics/1220537/household-saving-rate-in-the-european-union/ (last visited May 17, 2022)
